Sprawling Bakery Site Back on the Market | NECN
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Sprawling Bakery Site Back on the Market

The former Hostess Brands bakery site in Biddeford, Maine, has been put back on the market with an asking price of $11.7 million

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    Sprawling Bakery Site Back on the Market
    NECN

    The former Hostess Brands bakery site in Biddeford, Maine, has been put back on the market with an asking price of $11.7 million.

    Hostess filed for bankruptcy and shut down the factory in 2012, putting 380 people out of work. The facility was beset by years of financial problems and a strike.

    A New York-based private equity firm that specializes in buying and selling food manufacturing facilities and other corporate assets bought the site for almost $7 million last month and a week later put it back on the market.

    The property includes a 265,000-square-foot building and a 40-acre lot.

    Daniel Stevenson, Biddeford's director of economic development, tells the Portland Press Herald that the sale of the site for commercial use would be good news for the community.
     

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